Coinbase Global, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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23. Supplemental Disclosures of Cash Flow Information
- SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
The following is a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents (in thousands):
| December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash and cash equivalents | $11,285,452 | $9,308,266 | $5,489,100 |
| Restricted cash and cash equivalents | 334,318 | 347,169 | 43,626 |
| Customer custodial cash and cash equivalents | 5,273,650 | 6,028,020 | 4,393,086 |
| Total cash, cash equivalents, and restricted cash and cash equivalents | $16,893,420 | $15,683,455 | $9,925,812 |
The following is a supplemental schedule of non-cash investing and financing activities (in thousands):
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Non-cash consideration paid for business combinations | $3,677,634 | $— | $51,494 |
| Crypto assets borrowed | 4,293,287 | 844,717 | 450,663 |
| Crypto assets borrowed repaid | 4,239,621 | 579,210 | 559,191 |
| Customer crypto assets received as collateral | 3,117,616 | 3,030,311 | 886,403 |
| Customer crypto asset collateral returned | 2,755,431 | 2,759,660 | 630,682 |
| Crypto asset loan receivables originated | 2,365,370 | 1,559,716 | 396,981 |
| Crypto asset loan receivables repaid | 2,430,569 | 1,489,839 | 469,763 |
| Additions of crypto asset investments | 166,291 | — | — |
| Cumulative-effect adjustment upon adoption of ASU 2023-08 | — | 561,489 | — |
The following is a supplemental schedule of cash paid for income taxes (in thousands):
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash paid during the period for income taxes, net of refunds: | |||
| U.S. Federal | $60,662 | $63,884 | $— |
| U.S. State and local | 52,293 | 50,672 | — |
| Foreign | 51,913 | 25,785 | — |
| Total cash paid during the period for income taxes, net of refunds | $164,868 | $140,341 | $— |
| Cash paid during the period for income taxes (pre ASU 2023-09) | $— | $— | $39,122 |
Individual jurisdictions equaling 5% or more of the total income taxes paid (net of refunds) for the year ended December 31, 2025 include U.S. Federal at $60.7 million, New York State at $13.2 million, Netherlands at $10.9 million, and Brazil at $9.1 million.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.